Any insurance, be it car, house, life. It's all scams. You're essentially paying someone legally to bet on your behalf, and than getting a pittance of a payout. That's ONE problem. The more annoying problem, is rapid hyper inflation in whatever industry is touched by insurance. Car insurance for example, a small light bulb used to cost a few cents to replace. Now, you need to buy the entire casing, the wiring, and it costs 1200$ not including labor. This is because you only pay the deductible, so everyone and their mother can skimp from the top. Same with homeowners insurance. A simple home inspection is 500$. In 1955, getting a deed/house title notarized and approved was 1$ …. I know because I saw a historical document to that effect. Thanks jews! A true blessing to the world /s
view the rest of the comments →
[–] Totally-Not-A-Troll ago
We had a house fire and the damage was ~$60,000 which insurance paid. I figured out over the course of home ownership I had paid out about $60,000 in insurance money. I certainly did not hit a jackpot - but I would not have had $60,000 just laying around to cover the expenses either.
[–] honk_atcha_boi ago
If you had put that money aside, instead, you'd probably have had more.
Not that its relevant.